证券代码：300940 证券简称：南极光 深圳市南极光电子科技股份有限公司 投资者关系活动记录表 编号：2025-003 投资者关系活动 类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 东方红资管：陆嘉余 财通资管：虞圳劬 交银施罗德基金：于畅 国泰基金：张阳 浦银安盛：刘妍雪 华夏基金：谢小龙 恒越基金：吴海宁 时间 2025 年 6 月 9 日-2025 年 6 月 11 日 地点 深圳市宝安区松岗街道芙蓉路 5 号公司六楼大会议室、电话会议 上市公司接待人 员姓名 副总经理、董事会秘书：姜丽群女士 核心技术人员：彭永生先生 证券事务代表：朱安娜女士、艾庭双女士 投资者关系活动 主要内容介绍 1、Switch2 背光模组是否是独家供应？ 截至目前，南极光是唯一通过任天堂认证的 LCD 背光模组 供应商。 2、独供地位后续是否有被替代的风险？ 目前来看，公司在 Switch 2 背光模组中的供应商地位较为 稳固。原因如下：（1）公司在背光模组上的核心工艺短期内难 以被竞品超越；（2）任天堂对供应商的稳定性要求极高，不会 轻 ...

证券代码：300940 证券简称：南极光 深圳市南极光电子科技股份有限公司 投资者关系活动记录表 3、任天堂 Switch2 预售情况良好，公司作为背光模组供应商， 业绩如何展望? （1）经过数年磨合，南极光率先满足了任天堂对 0.3x 毫 米超薄导光板、功率下降 25%及通过 6000 次微跌测试的极限 要求。目前，公司配套的 Switch 2 背光源模组产品已实现规 模化稳定交付；（2）凭借多年针对性开发的高难度技术，公 司在供应链中占据较高地位。产品将根据下游生产节奏放量， 并能维持合理利润水平；（3）基于与头部客户的良好合作及 超薄工艺开发成果，公司已在业内形成影响力，正进一步开拓 其他高端客户及产品；（4）Switch 2 预售情况良好（详见公 开数据）。 4、份额持续性。 （1）公司高度重视技术迭代，凭借技术优势，获取与头 部客户的稳定合作关系、巩固供应链地位，并保持合理利润水 平。任天堂 Switch 2 已于 2025 年 6 月 5 日全球发售，公司相 关订单将根据客户终端销售情况逐步放量；（2）日本客户高 度重视供应链稳定性，通常会给予长期合作伙伴合理的利润水 平以及稳定的合作地位。 投资 ...

Core Viewpoint - Nintendo Switch 2 has been officially launched globally, receiving positive market feedback during the pre-sale phase, which has drawn attention to the related supply chain [2] Group 1: Company Overview - Nanji Guang, the manufacturer of the backlight module for Switch 2, has achieved stable mass delivery of its products, which is expected to positively impact the company's development [2] - The company has maintained a research and development expense ratio of over 5% of its revenue in recent years, with a total of 320 patents, including 28 invention patents, by the end of 2024 [7] Group 2: Technical Challenges and Innovations - The development of the ultra-thin light guide plate required by Nintendo posed significant technical challenges, with initial yield rates as low as 5% [4][5] - After nearly five years of intense technical development, Nanji Guang achieved a breakthrough with a product yield rate below 0.4%, setting a record for Nintendo [6] Group 3: Market Position and Future Prospects - The company reported a revenue of 186 million yuan, a year-on-year increase of 265.54%, with net profit and gross margin reaching new highs [8] - Market research predicts that Switch 2 sales could reach 14.7 million units in 2025, supported by a strong user base of 105 million active Switch consoles [8] - Nanji Guang is expanding its product matrix to cover various fields, including tablets, laptops, gaming, automotive displays, and healthcare displays, and has entered the supply chains of major companies like Lenovo and Huawei [8][9]

中国 深圳 福田区 益田路6001号太平金融大厦11、12楼 邮政编码：518038 11F/12F., Taiping Finance Tower, 6001 Yitian Road, Futian District, Shenzhen, P.R. China 518038 电话(Tel.)：(0755) 8826 5288 传真(Fax.)：(0755) 8826 5537 网址(Website)：www. sundiallawfirm.com 信达会字（2025）第163号 2024年年度股东大会的 法律意见书 致：深圳市南极光电子科技股份有限公司 广东信达律师事务所（下称"信达"）接受深圳市南极光电子科技股份有限公 司（下称"公司"）的委托，指派信达律师出席公司2024年年度股东大会（下称"本 次股东大会"），对本次股东大会的合法性进行见证。 信达律师根据《中华人民共和国公司法》（下称《公司法》）、《中华人民 共和国证券法》（下称《证券法》）、《上市公司股东会规则》（下称《股东会 规则》）、《律师事务所从事证券法律业务管理办法》（下称《证券法律业务管 理办法》）、《律师事务所证券法律业务执业规则（试行 ...

证券代码：300940 证券简称：南极光 公告编号：2025-027 深圳市南极光电子科技股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 (一)会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025 年 5 月 26 日（星期一）下午 15:30 （2）网络投票时间：2025 年 5 月 26 日（星期一） 通过深圳证券交易所（以下简称"深交所"）交易系统进行网络投票的时间 为 2025 年 5 月 26 日上午 9:15-9:25，9:30-11:30,下午 13:00-15:00；通过深交 所互联网投票系统（http://wltp.cninfo.com.cn）投票的具体时间为 2025 年 5 月 26 日上午 9:15 至下午 15:00 期间的任意时间。 2、会议召开地点：广东省深圳市宝安区松岗街道芙蓉路 5 号深圳市南极光 电子科技股份有限公司（以下简称"公司"）六楼 ...

Financial Performance - In 2024, the company achieved a net profit of 20.63 million CNY, with a comprehensive gross margin of 16.24%, marking a turnaround from losses [3] - In Q1 2025, the net profit rose to 29.73 million CNY, with a gross margin of 26.97%, indicating a continuous growth trend [3] - The significant increase in profitability is attributed to optimizing the business structure and cost control measures, leading to reduced operational costs [3][9] Product Development - The company has successfully developed Mini-LED backlight products, which are expected to be used in smart wearable devices [4] - Plans are in place to invest in Mini/Micro-LED display module production projects to enhance competitiveness in the new display technology market [4] Client Base - The company is a qualified supplier for major LCD display module enterprises, including brands like Nintendo, OPPO, VIVO, and Huawei [5][6] Market Outlook - The company maintains a positive outlook on the display industry, driven by the increasing demand for consumer electronics and advancements in AI technology [12][14] - The performance of backlight display components is closely tied to the overall health of the consumer electronics market, with seasonal influences expected to diminish over time [12] Strategic Goals - The company encourages investors to monitor future financial reports for specific profit targets and revenue contributions from key projects like the Switch 2 [7][12]

Group 1 - The global consumer electronics market has shown signs of recovery since the second half of 2023, with a projected 2.53 million PC shipments in 2024, representing a 2.6% year-on-year growth [1] - Companies in the consumer electronics supply chain have reported improved performance, with Nanji Guang (300940.SZ) achieving revenue of 457 million yuan and a net profit of 20.63 million yuan in 2024, marking a turnaround from previous losses [1] - The company has indicated a clear improvement trend in its overall performance starting from Q3 2024, with a continuous increase in quarterly revenue and net profit [1] Group 2 - In 2024, the company is optimizing its business structure and expanding into markets for backlight display modules in areas such as tablets, laptops, gaming, and automotive displays, leading to improved product profitability and gross margins [2] - The company is implementing cost reduction and efficiency enhancement measures, which have improved operational management and cost control, further boosting performance [2] - The innovation of AI technology is accelerating the replacement cycle of smart terminals, with significant market potential as predicted shipments of generative AI smartphones and AI PCs are expected to grow substantially by 2025 [2] Group 3 - The diverse and sufficient demand for terminal products ensures a broad market space for backlight display module manufacturers, with the company planning to expand its product applications into various fields, including healthcare displays and smart home devices [3] - The company aims to achieve a breakthrough in the proportion of non-mobile product business, forming a diversified product matrix covering multiple sectors [3]

4月28日晚间，国内背光模组头部企业南极光（股票代码：300940）对外公告2024年度报告。财报显 示，公司2024年全年营收4.57亿元；净利润2,062万元，较2023年亏损3.05亿元实现大幅逆转。如此大幅 度的扭亏转盈背后，是南极光从以手机背光为主向中大尺寸屏幕背光模组战略转型的显著成效，业务结 构优化与技术升级双轮驱动，或将持续向上修正业绩。 从手机到全场景：背光模组业务"破圈"升级 南极光成立于2008年，早期以手机背光显示模组为核心业务，凭借高亮度、低功耗等技术优势进入京东 方、华显光电、华星光电、帝晶光电、信利光电、联创电子、同兴达、群志光电等头部液晶显示模组企 业合格供应商体系，占据中高端市场份额，应用的手机终端品牌包括 OPPO、VIVO、小米、华为等。 然而，随着智能手机市场增速放缓，2023年起南极光加速向中大尺寸、高附加值领域延伸，逐步形 成"手机+平板/笔电+车载+家庭娱乐、电子竞技终端"的全场景产品矩阵。 2025年4月，任天堂对外表示，即将发售的Switch 2将采用一块7.9英寸的广色域LCD屏幕，分辨率达到 1080p(1920x1080)。这比初代Switch的6.2英 ...

Core Viewpoint - Despite the downturn in the consumer electronics industry, the company Nanji Guang (stock code: 300940) achieved a remarkable 11-fold increase in net profit, showcasing its ability to break through challenges and redefine competitive dynamics in the display industry [1][2]. Financial Performance - In 2024, Nanji Guang reported revenue of 457 million yuan, a decrease of 2.5% year-on-year, but net profit surged to 20.62 million yuan, a year-on-year increase of 106.76% [2]. - The first quarter of 2024 saw explosive growth, with revenue reaching 186 million yuan and net profit at 29.73 million yuan, representing year-on-year increases of 265.54% and 367.01%, respectively [2]. Global Expansion - The company's overseas revenue share skyrocketed from 6.25% in 2023 to 48.42% in 2024, marking a staggering year-on-year growth of 675% [3]. - The gross margin for overseas business reached 29.42%, significantly higher than the industry average, validating the premium capability of its "technology going abroad" strategy [3]. Business Strategy - Nanji Guang shifted its focus from mobile phone dependency to a scenario-driven approach, restructuring its business to concentrate on higher-value segments such as large-size displays and advanced technologies like Mini/Micro LED [4]. - The company has established a technological moat in various segments, including tablets, laptops, and automotive displays, through proprietary technologies that enhance product performance [4]. Market Trends - The global laptop shipment is expected to grow by 3.60% in 2024, while tablet shipments are projected to reach 147.6 million units, reflecting a robust recovery [5]. - Nanji Guang's products are entering major supply chains for automotive and laptop displays, indicating a solid market position [5]. Technological Innovation - The company is leveraging its technological advancements to penetrate the Nintendo Switch 2 supply chain, enhancing product value through superior specifications [6]. - There are speculations about Nanji Guang potentially transitioning into a "display solution platform" by developing AI-based display optimization algorithms, which could create new growth avenues [7]. Future Outlook - The company is poised for a "Davis Double" as it embraces long-term growth strategies, aiming to define rules in the AI-driven display market [8].

Core Viewpoint - The company, Nanji Guang, has successfully transitioned from significant losses to profitability, driven by strategic initiatives and strong performance in key product segments [1][2]. Financial Performance - In 2024, Nanji Guang achieved revenue of 457 million yuan and a net profit of 20.63 million yuan, marking a significant turnaround from previous losses [1]. - The fourth quarter of 2024 saw a remarkable revenue of 219 million yuan, a year-on-year increase of 151.9%, with a net profit of 22.17 million yuan and a gross margin of 18.6% [1]. - For the first quarter of 2025, revenue reached 186 million yuan, a year-on-year growth of 265.5%, with a net profit of 29.73 million yuan and a gross margin of 26.97%, the highest in nearly five years [1]. Strategic Developments - The company's transformation is attributed to three strategic pillars: becoming the exclusive supplier for Nintendo's Switch2, significant growth in automotive backlight module orders, and optimization of gross margin structure [2]. - The Switch2, featuring high-brightness Mini-LED backlighting, is expected to have a monthly delivery of over 1 million units starting from Q4 2024, contributing approximately 30% to revenue in 2025 [2]. - Automotive backlight module orders increased by 120% year-on-year, with successful entry into the supply chains of leading automotive companies like BYD and NIO [2]. Market Position and Technology - The global backlight module market is projected to reach 125 billion yuan by 2025, with Mini-LED penetration expected to exceed 20%, driven by growth in automotive and AR/VR applications [3]. - China, as the largest display panel producer, is anticipated to account for over 60% of global shipments in 2024, with rapid technological advancements pushing supply chain upgrades [3]. - Nanji Guang's Mini-LED chip transfer technology boasts a yield rate of 99.9%, with a planned annual production capacity of 4.3 million units at its Huizhou facility, targeting automotive, tablet, and AR/VR markets [3]. Innovation and R&D - The company holds a total of 255 patents, including 18 invention patents, focusing on core processes such as vacuum compression molds and optical microstructure design [4]. - In the Micro-LED sector, the company has achieved chip transfer technology below 100μm with a yield rate of 99.9%, with R&D investment accounting for 10.01% of revenue [4]. - The company has introduced a 10.1-inch automotive backlight module with a brightness of 1000 nits and a 30% reduction in power consumption, already applied in high-end models like the Li Auto L9 [4].